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A judge rejected the landmark $30 billion settlement on swipe fees that two big payment companies struck with merchants in March.

Durbin, Marshall cheer rejection of swipe fee settlement

The credit card wars are shifting – again.

A judge rejected the landmark $30 billion settlement on swipe fees that two big payment companies struck with merchants in March. The lead sponsors of the Credit Card Competition Act, Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.), cheered the move this morning and used it as another chance to plug their bill to crack down on credit card fees.

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